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Cue Health's total inventories for the quarter that ended in Dec. 2023 was $14.04 Mil. Cue Health's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $38.80 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cue Health's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.00.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cue Health's Days Inventory for the three months ended in Dec. 2023 was 99.05.
Inventory Turnover measures how fast the company turns over its inventory within a year. Cue Health's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Cue Health's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.23.
The historical data trend for Cue Health's Total Inventories can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cue Health Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Total Inventories | - | 36.84 | 88.39 | 82.21 | 14.04 |
Cue Health Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Inventories | Get a 7-Day Free Trial |
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82.01 | 68.37 | 63.56 | 14.04 | 13.66 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Cue Health (OTCPK:HLTHQ) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Cue Health's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is
Net-Net Working Capital Per Share (Q: Dec. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (80.889 | + | 0.75 * 1.352 | + | 0.5 * 14.039 | - | 89.535 |
- | 0 | - | 0) | / | 155.305 | ||
= | -0.00 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cue Health's Days Inventory for the three months ended in Dec. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2023 ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | 38.797 | / | 35.742 | * | 365 / 4 | |
= | 99.05 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Cue Health's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2023 ) | / | Average Total Inventories (Q: Dec. 2023 ) |
= | 35.742 | / | 38.797 | |
= | 0.92 |
4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Cue Health's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 38.797 | / | 17.381 | |
= | 2.23 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Cue Health's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
T-twelve Holdings, Llc | 10 percent owner | C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501 |
Tup Investments, L.p. | 10 percent owner | 520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660 |
Tarsadia Investments, Llc | 10 percent owner | 520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660 |
Cp (hlth), Llc | 10 percent owner | 520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660 |
Tfc Manager, Llc | 10 percent owner | C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501 |
Nvga I, Llc | 10 percent owner | 520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660 |
Tccs I, Lp | 10 percent owner | 10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022 |
Tc Gp, Llc | 10 percent owner | 10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022 |
Tarsadia Capital, Llc | 10 percent owner | 10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022 |
Aasim Javed | officer: Chief Financial Officer | C/O CUE HEALTH INC, 4980 CARROLL CANYON RD SUITE 100, SAN DIEGO CA 92121 |
Randall E. Pollard | officer: Chief Accounting Officer | 6229 PINE TREE CT., LONG GROVE IL 60047 |
Clint Sever | officer: Chief Product Officer | C/O CUE HEALTH INC., 4980 CARROLL CANYON RD. SUITE 100, SAN DIEGO CA 92121 |
Sachin H. Jain | director | C/O CARDIOVASCULAR SYSTEMS, INC., 1225 OLD HIGHWAY 8 NW, ST. PAUL MN 55112 |
Joshua Ghaim | director | C/O CUE HEALTH INC., 4980 CARROLL CANYON ROAD SUITE 100, SAN DIEGO CA 92121 |
Kelly P. Day | 10 percent owner | 865 FIGUEROA STREET, SUITE 700, LOS ANGELES CA 90017 |
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